Trax is a leading provider of capital market data, trade matching and regulatory reporting services to the global securities market. In 2013 Trax processed 1.12 billion transactions on behalf of its user community and has over 25 years' experience in providing innovative, secure and reliable systems for the financial services sector.
Trax provides capital market firms with information to assist them in conducting net asset valuations, mark-to-market calculations, fixed-income portfolio mapping, liquidity and volume modelling, as well as reference data population updates. Trax also provides a wide range of pricing data for approximately 69,000 unique bonds, volume data on over 50,000 individual bonds as well as securities reference data for over 300,000 government bonds, corporate bonds, medium-term notes and private derivative issues.
Under the Markets in Financial Instruments Directive (MiFID), Trax is an Approved Reporting Mechanism (ARM) to the UK Financial Conduct Authority (FCA) and other European regulators.
Trax is based in London. The company was originally established in 1985 and began trading as Trax in May 2014. In February 2013 the company - then known as Xtrakter Ltd. - became a wholly owned subsidiary of MarketAxess Holdings Inc., the operator of a leading global fixed income electronic trading platform.
Trax has registered offices in the United Kingdom and is regulated by the FCA as an approved service company (FRN 491843).
With the 6 October 2014 deadline for T+2 fast approaching, the industry needs to prepare. It is more than 20 years since the Industry User Group (IUG) oversaw the birth of the first vendor electronic trade confirmation (ETC) platforms. Those platforms (Thomson - OASYS Global, London Stock Exchange …